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Tag: mln
Tigo to buy ETB's stake in Colombia Movil for USD 240 mln
2013-11-14 08:45:00| Telecompaper Headlines
(Telecompaper) Colombian operator Empresa de Telecomunicaciones de Bogota (ETB) has agreed to sell its 24.99 percent stake in Colombia Movil to Tigo for COP 463.8 billion (approximately USD 240 million). ETB plans to use the net proceeds from the sale to launch 4G services. Back in June, ETB in partnership with Colombia Movil, acquired 30Mhz of AWS spectrum for provision of 4G services across Colombia. Following the completion of the transaction, ETB will keep 50 percent of this spectrum, El Espectador reports.
Belgium raises EUR 360 mln in 800 MHz auction
2013-11-12 18:32:00| Telecompaper Headlines
(Telecompaper) The Belgian auction of frequencies in the 800 MHz band has finished, raising a total EUR 360 million, the telecom regulator BIPT announced. The auction lasted just one day, with each of the three network operators - Base, Proximus and Mobistar - acquiring a lot of 2x10MHz for the reserve price of EUR 120 million. The licences are valid for 20 years and will be used by the operators to expand LTE services. The frequencies won by Mobistar have an additional coverage obligation. Within three years of receiving the licence it must cover at least 98 percent of the population in municipalities where 3G coverage is currently not sufficient. In Belgium, Proximus was the first to launch LTE services earlier this year, followed by Base last month. Mobistar is expected to launch before the end of this year.
UK watchdog says investors lose 24 mln stg in carbon credit scam
2013-11-11 11:10:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Nineteen companies selling carbon credits have been shut in the past 15 months for bilking investors out of 24 million pounds ($38.7 million), British regulators said on Wednesday, warning more firms were trying to sell carbon as a viable option for private investors. The UK Insolvency Service said more than 1,500 investors had been ripped off by the firms, which target mainly the elderly with high pressure sales techniques and promises of hefty returns of more than 40 percent. "Salesmen played...
Tags: credit
lose
carbon
investors
Deutsche Telekom acquires GTS for EUR 546 mln
2013-11-11 09:18:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom acquired GTS Central Europe (GTS), an infrastructure-based telecommunications service provider in Central and Eastern Europe, for a total consideration of EUR 546 million. With GTS, Deutsche Telekom is enhancing its ability to offer pan-European telecommunication services as well as integrated products in countries where the German operator has limited fixed-line access network infrastructure. Deutsche Telekom is acquiring GTS from a consortium of international private equity firms, including Columbia Capital, HarbourVest Partners, Innova Capital and M/C Partners, which have actively developed the company over the last six years.
Tags: eur
deutsche
telekom
gts
Deezer offers 30 mln tracks, doubles subscribers in a year
2013-11-07 07:44:00| Telecompaper Headlines
(Telecompaper) Orange-backed music streaming service Deezer announced at a press event in London that it now has 5 million paying users around the world (compared to 2 million in October 2012) and that over half of them live outside its home market. Deezer said it has 30 million tracks on its platform, making it the biggest music streaming provider globally. CEO Axel Dauchez told TechCrunch that it had signed 11 new partnerships with operators, bringing the total number of mobile services bundling its music service to 25. It has also hired former PayPal executive Christopher Coonen as COO and German streaming service Simfys co-founder, Gerrit Schumann, as vice president of European operations. Deezer announced the launch of two new discovery features to improve customer engagement, and previewed an Apple app that will integrate the platform into users' offline music collection.
Tags: year
offers
tracks
subscribers
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